The state statistics agency has revealed that none other than old terror of debt crisis of Europe, and closure of eight nuclear plants, has made clients concerned about the market. Therefore, they are very conscious in investing large amount. This has resulted in the loss of Germany which has registered a week performance for the second quarter.

The eurozone economies have been facing variations as Germany was witnessing a growth at a rapid rate and the economies of Italy, Spain, Portugal and Greece have been in a huge clutter.

This uneven status of the economies was a huge trouble for European Central bank, as its Fiscal policies would initiate sluggish rise in interest rates. The fiscal policy for weak economies would result in purchase of government bonds that would develop enrage among the Germans against ECB for not acting appropriately.

The misinformation available online continues to influence the innocent minds, which turn out corrupted and end up doing something atrocious. The story of Arid Uka, 21-year-old, revels the same situation influenced by an online propaganda and ended in claiming the life of two US airmen whom he had never met and had no grudges against.

All eyes seem to be on Germany as if now, as the euro zone crisis has gripped all the 17 members of the European nations. Germany had so far managed to remain competitive by trimming down the value of its currency and further, by adopting a subdued wage policy, but recently it has caught the attention of the European Central Bank (ECB).

Till the time investors attacked Italian and Spanish government bonds, things were fine with the Euro zone, but later, the yields on the bonds went so high that both the countries were on the brink of falling to a new low.

According to reports, Ireland team has came very close to ruin the party for the home nation, as yesterday, in the opening match of the World Men’s Team Squash finals, they made a surprising win by 1-2 , against the experienced German player of the home team.

On Sunday, it was revealed that Germany and France has urged Moammar Gadhafi to step down and give up immediately as the rebels have entered the Libyan capital of Tripoli. The German Chancellor, Angela Merkel told ZDF television that it would be good for the country and people if he would give up and quit as early as possible so that further bloodshed could be avoided.

On Sunday, Sebastien Ogier became the first driver to beat Sebastien Loeb on an all-tarmac rally in Germany since 2004. He completed all the 19 stages in just three hours 32 minutes and 15.9 seconds and he was 39.8 seconds ahead of his team-mate, Loeb, and finished the seven-time world champion's run of eight straight victories in the event.

DAX 30 index plunged 2.2% to end the week at 5480.00 and the losses arrived to 8.6% for the week and 23% for the month of August till now.

Insurer Allianz was the index's major loser which dropped by 4.1% and Deutsche Bank dropped 2.7%.

Even the earnings of utility firms E. On and RWE have been plummeting as E. On lost 1.1% and RWE lost 1.6%.

Volkswagen also witnessed a drop and lost 2.6%. On the other hand, High-end car maker BMW lost 3.4%.